NEWS

Saturday, 19 May 2018

WHERE ASSAM IS HEADING TO AFTER THE FALL OF 2017?



Where Assam is heading to after the fall of 2017? No doubt under the all chaos of environmental changes, demonetization aftermath effect and illegal immigration issues the Assam's economy has witnessed brighter changes. Crucial economic backbone of the state the tea providers have witnessed a sign of relief from account of 2017-18 FY report with 676.31 million Kg productivity.


Fuel or Energy productivity of the state has witnessed dramatic changes in various sectors like Oil, Coal and Gas. Two new remarkable initiatives by ONGC in the year beginning on March 2017 has garnered 10 million metric tonnes (MMT) of oil output additionally with position of two wells at Dayalpur and Sufayam.


2017 Annual report from April-December reflects appreciable uplift in natural gas, coal and crude oil productivities. On to which output quality assurance the government's Ministry of New and Renewable Energy (MNRE) is determined to improve further its productivity. Within 2021-22 time frame with 688 MW generation of Renewable Energy, where 663 MW energy production is proposed to be nailed from solar power source and 25 MW from macro hydro power projects implementation according to MNRE.


Agri sector of Assam has always remained strong and its future appears more promising now with US$ 200 million loan sanction from the World Bank in October 2017 to boost up farmers.

NEIC Analytic - Sumi

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